John Bicket - Jan 2, 2024 Form 4 Insider Report for Samsara Inc. (IOT)

Signature
/s/ Adam Eltoukhy, attorney-in-fact on behalf of John Bicket
Stock symbol
IOT
Transactions as of
Jan 2, 2024
Transactions value $
-$3,048,599
Form type
4
Date filed
1/4/2024, 06:32 PM
Previous filing
Dec 28, 2023
Next filing
Jan 11, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IOT Class A Common Stock Conversion of derivative security $0 +19.2K $0.00 19.2K Jan 2, 2024 See footnote F1
transaction IOT Class A Common Stock Conversion of derivative security $0 +76.8K $0.00 76.8K Jan 2, 2024 See footnote F2
transaction IOT Class A Common Stock Sale -$604K -19K -98.96% $31.80 200 Jan 2, 2024 See footnote F1, F3, F4
transaction IOT Class A Common Stock Sale -$6.51K -200 -100% $32.56 0 Jan 2, 2024 See footnote F1, F3, F5
transaction IOT Class A Common Stock Sale -$2.32M -73.3K -95.44% $31.72 3.5K Jan 2, 2024 See footnote F2, F3, F6
transaction IOT Class A Common Stock Sale -$113K -3.5K -100% $32.23 0 Jan 2, 2024 See footnote F2, F3, F7
holding IOT Class A Common Stock 274K Jan 2, 2024 Direct F8
holding IOT Class A Common Stock 76.2K Jan 2, 2024 See footnote F9

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction IOT Class B Common Stock Conversion of derivative security $0 -19.2K -0.43% $0.00 4.45M Jan 2, 2024 Class A Common Stock 19.2K $0.00 See footnote F1, F10
transaction IOT Class B Common Stock Conversion of derivative security $0 -76.8K -0.44% $0.00 17.2M Jan 2, 2024 Class A Common Stock 76.8K $0.00 See footnote F2, F10
holding IOT Class B Common Stock 82.4M Jan 2, 2024 Class A Common Stock 82.4M $0.00 See footnote F9, F10
holding IOT Class B Common Stock 1.28M Jan 2, 2024 Class A Common Stock 1.28M $0.00 See footnote F10, F11
holding IOT Class B Common Stock 790K Jan 2, 2024 Class A Common Stock 790K $0.00 See footnote F10, F12
holding IOT Class B Common Stock 790K Jan 2, 2024 Class A Common Stock 790K $0.00 See footnote F10, F13
holding IOT Class B Common Stock 1.29M Jan 2, 2024 Class A Common Stock 1.29M $0.00 See footnote F10, F14
holding IOT Class B Common Stock 250K Jan 2, 2024 Class A Common Stock 250K $0.00 See footnote F10, F15
holding IOT Class B Common Stock 250K Jan 2, 2024 Class A Common Stock 250K $0.00 See footnote F10, F16
holding IOT Class B Common Stock 250K Jan 2, 2024 Class A Common Stock 250K $0.00 See footnote F10, F17
holding IOT Class B Common Stock 509K Jan 2, 2024 Class A Common Stock 509K $0.00 Direct F10, F18
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Consists of shares held by Jordan Park Trust Company, LLC, Trustee of The Bicket-Dobson Trust I u/a/d 11/10/2021, over which the Reporting Person has voting or investment power (the "Bicket-Dobson Trust I").
F2 Consists of shares held by Jordan Park Trust Company, LLC, Trustee of The Bicket-Dobson Trust II u/a/d 10/8/2021, over which the Reporting Person has voting or investment power ("the Bicket-Dobson Trust II").
F3 The sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Bicket-Dobson Trust I and the Bicket-Dobson Trust II on September 29, 2023.
F4 The "Amount" and "Price" reported in this Column 4 reflect the aggregate number and weighted-average price, respectively, of shares sold. These shares were sold in multiple transactions at prices ranging from $31.39 to $32.25, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.
F5 The "Amount" and "Price" reported in this Column 4 reflect the aggregate number and weighted-average price, respectively, of shares sold. These shares were sold in multiple transactions at prices ranging from $32.52 to $32.59, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.
F6 The "Amount" and "Price" reported in this Column 4 reflect the aggregate number and weighted-average price, respectively, of shares sold. These shares were sold in multiple transactions at prices ranging from $31.16 to $32.155, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.
F7 The "Amount" and "Price" reported in this Column 4 reflect the aggregate number and weighted-average price, respectively, of shares sold. These shares were sold in multiple transactions at prices ranging from $32.16 to $32.59, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.
F8 These securities are restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Class A Common Stock, subject to the applicable vesting schedule and conditions of each RSU.
F9 Consists of shares held by John C. Bicket, Trustee of the John C. Bicket Revocable Trust u/a/d 2/15/2013, over which the Reporting Person has voting or investment power.
F10 The Class B Common Stock is convertible at any time, at the holder's election, into Class A Common Stock on a 1:1 basis.
F11 Consists of shares held by John C. Bicket and CBD, Co-Trustees of the Bicket-Dobson Revocable Trust u/a/d 12/23/20, over which the Reporting Person has voting or investment power.
F12 Consists of shares held by John C. Bicket, Trustee of the John C. Bicket 2023 Annuity Trust u/a/d 1/22/2023, over which the Reporting Person has voting or investment power.
F13 Consists of shares held by CBD, Trustee of the CBD 2023 Annuity Trust u/a/d 1/22/2023, over which the Reporting Person has voting or investment power.
F14 Consists of shares held by the Reporting Person's spouse.
F15 Consists of shares held by Jordan Park Trust Company, LLC, Trustee of The Bicket-Dobson Trust I-A fbo ACDB u/a/d 11/10/2021, over which the Reporting Person has voting or investment power.
F16 Consists of shares held by Jordan Park Trust Company, LLC, Trustee of The Bicket-Dobson Trust I-A fbo JCDB u/a/d 11/10/2021, over which the Reporting Person has voting or investment power.
F17 Consists of shares held by Jordan Park Trust Company, LLC, Trustee of the Bicket-Dobson Trust I-A u/a/d 11/10/2021, over which the Reporting Person has voting or investment power.
F18 The reported shares represent restricted stock units, of which 152,564 shares shall vest on March 15, 2024 and the remaining shares vest in quarterly installments through December 15, 2024.

Remarks:

Executive Vice President, Chief Technology Officer